“Automated optical inspection system market to exhibit high growth potential during the forecast period”The automated optical inspection (AOI) system market is expected to grow at a CAGR of 17.1% between 2016 and 2022 to reach USD 1,008.8 million by 2022. The key driving factors for the growth of the AOI systems market are rising demand for high-quality electronic components, growing industry trends for smart manufacturing, and high demand for electronic products.

“2D AOI systems market accounted for a major share of the overall AOI system market”2D AOI systems expected to account for a major share in 2016 of the overall AOI system market. The 2D AOI system is cost-effective and flexible inspection technology. Additionally, the ease of programming and technological advancements has enabled 2D AOI systems to become widespread in the market.

“Consumer electronics to account for the largest market share in the overall AOI system market”The consumer electronics application expected to account for the largest market share of the overall AOI system market in 2016. The major factors driving the market are the increasing complexity of consumer electronic devices with highly sophisticated electronic components. The small size of these components and the reduction in the size of PCBs need the efficient inspection, which has given a boost to the highly efficient AOI system market.

“North America to be the fastest-growing market for AOI systems during the forecast period”High demand for electronics equipment from industries such as consumer electronics, medical devices, aerospace & defense, and automotive is the main driving force behind the growth of North America. The advancements in PCB technologies need faster inspection of miniature components which is expected to drive the growth of the AOI system market in North America.

Objectives of the Study:To define, describe, and forecast the automated optical inspection system market segmented on the basis of type, application, and geographyTo provide detailed information regarding the major factors influencing the growth of the AOI market (drivers, restraints, opportunities, and industry-specific challenges)To provide a detailed overview of the value chain in the AOI system market and analyze the market trends with the Porter's five forces analysis To forecast the market size, in terms of value, for various segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia-Pacific, and Rest of the World

Scope of the Report:This research report categorizes the global AOI system market on the basis of type, application, and geography. Elements of and technologies used in the AOI systems are also described in the report

AOI System Market, by Type: 2D AOI Systems3D AOI SystemsTechnologies Used in the AOI Systems: Inline AOI SystemsOffline AOI SystemsElements of the AOI Systems:Camera SystemsLighting SystemsComputer SystemsSoftwareAOI System Market, by Application: Aerospace & DefenseAutomotiveConsumer ElectronicsIndustrial ElectronicsMedical DevicesTelecommunicationEnergy & PowerAOI System Market, by Geography: North AmericaEuropeAsia-Pacific (APAC)Rest of the World (RoW)